Zions has pursued two actions that help it reduce its regulatory requirements. File photo. In an effort to streamline its corporate structure and regulatory requirements, Zions Bancorporation is merging its holding company with its bank, and has also been declared not a "systemically important financial institution" by the Financial Stability Oversight Council. "Zions engages in limited capital markets activities, presents minimal fire sale risks, uses a simple operational structure, and is subject to extensive regulation and supervision," said Treasury Secretary Steven T. Mnuchin in a press release. "The Council determined that there is not a significant risk that Zions... [Read More]
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